Harith, Mergence and Zungu to acquire the a range of energy, digital infrastructure, and transport assets from PAIDF.

Harith, a Pan-African fund manager for infrastructure development across the continent, Mergence, an independent asset management firm, and Zungu, a capital market company, agreed to acquire the a range of energy, digital infrastructure, and transport assets from PAIDF, a close-end private equity fund. Financial terms were not disclosed. “Harith InfraCo’s acquisition of the PAIDF assets is ... remarkable for its timing, coming as it does during a period of sluggish fundraising and exit activity within the private equity space in which we have played since our founding 18 years ago,” Sipho Makhubela, Harith CEO.